Hi Steve, yes it will be interesting to see if that gap gets completely closed. As per my chart earlier in the thread I thought a return to test the 200 day ema was likely and it was gradually making its way back down, but Fridays bar accelerated the process considerably. Si it's just about returned to the 200 day ema.
If not for the new emergence of Covid 19 affecting Sydney I would have thought it was likely to bounce off that 200 day ema , which is also sitting near a strong support line at about $6.34. (Derived from a weekly chart).
So expecting it to bounce, but now not sure if it will go down and fully close that gap first. So watching for a break of 200 day ema. RSI is pointing downwards, indicating there may be a bit more downside.
Anyway, here is an updated chart
View attachment 2754973